Tractor Supply Company: Wedgewood Capital Sees No Threat From Amazon

Tractor Supply Company has more than 1,600 stores in 49 states and it also operates an e-commerce website. The company posted positive financial results for the second quarter of 2017, with its total sales growing nearly 9% to $2.0 billion from $1.9 billion in the same period last year. Comparable store sales rose 2.2% compared to a decrease of 0.5% in the prior year’s second quarter. It reported a profit of more than $160 million, up from over $156 million last year. Earnings per share rose to $1.25 from $1.16 in the same quarter of the last year. Yet, shares of Tractor Supply Company haven’t been performing well this year, with the stock is down over 20% year-to-date. During the last 12 months, shares have lost 10% of their value.

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Michael Molman 2 years ago Contributor's comment

Investing in any form of retail at the moment is very risky since investors are scared to death about the entire industry. However Tractor Supply looks like a healthy company which has seen its stock suffer undeservedly as the rest of retail gets crushed. When the retail melt down finally ends, $TSCO will probably bounce back and generate huge returns.

David J. Tanner 2 years ago Member's comment

I'd agree with that assessment.